Westminster, Lethbridge · MLS® A2333813
111
589 sq ft · Condo · Single Family · built 1969 · 77 days on market
listed by CHUCK GULYAS, RE/MAX REAL ESTATE - LETHBRIDGE
#2, 222 Mayor Magrath Drive, N. Affordable, low-maintenance senior living or an excellent investment opportunity! This well-maintained 1-bedroom condo offers a bright and spacious bedroom, a functional layout, and a private balcony—perfect for enjoying your morning coffee or unwinding at the end of the day. The unit also includes an on-site storage room, convenient off-street parking, and access to shared in-building laundry facilities, making everyday living both comfortable and practical. Ideally situated with quick access to Mayor Magrath Drive, major transportation routes, shopping, restaurants, and other everyday amenities, this condo offers outstanding convenience for homeowners and tenants alike. The professionally managed building is well established and provides peace of mind for owners and investors. With strong rental demand in the area and affordable ownership costs, this is an excellent opportunity for first-time buyers looking to enter the market or investors seeking a dependable addition to their portfolio.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $522 · tax $103 · strata $411 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 1-bedroom in Lethbridge: CMHC's average there ($1,370) lowered by what new tenants pay against everyone in the province (Alberta centres of 10,000+). (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant).) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
Alberta has no cap on how much rent can rise, but only one increase a year, with three months' written notice for a monthly tenancy. alberta.ca
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$118,000
2026 assessment · market value as of July 1, 2025
| roll year | assessed |
|---|---|
| 2026 | $118,000 |
| 2025 | $106,000 |
| 2024 | $96,000 |
From City of Lethbridge open data (parcels and assessments), matched to 2-222 MAYOR MAGRATH DR N. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.
about $1,239 a year
The 2026 assessment times Lethbridge's 2026 residential rate of 10.50 per $1,000 (municipal and education).
The listing shows $1,239 a year in property tax.
Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure.
Walkability 71/100 · Walkable: many errands on foot
Within a 10 minute walk: 7 places to eat or drink, 2 cafes, 6 parks and playgrounds, 2 schools, 1 transit stop.
mihom score from OpenStreetMap places, by straight line distance.